PlanSource nets $70 mln from Great Hill

Great Hill Partners has invested $70 million in PlanSource, a provider of cloud-based health exchange and benefits administration technology. In addition to this funding, Chris Busby and Matthew Vettel of Great Hill Partners have been added to PlanSource’s board of directors. William Blair & Company provided financial advice to PlanSource on the transaction.


Great Hill to buy Reward Gateway

Great Hill Partners LP has agreed to buy Reward Gateway. The seller is Inflexion Private Equity. The deal values Reward Gateway at 140 million pounds (US$218.9 mln). London-based Reward Gateway provides products and technology for HR departments.


Genstar buys All Web Leads from Great Hill Partners

Great Hill Partners has sold All Web Leads to Genstar Capital. Financial terms weren’t announced. Austin-based All Web Leads is a customer acquisition marketing business focused on the U.S. property and casualty, health, and life insurance markets. All Web Leads was advised by GCA Savvian Advisors LLC.


Great Hill invests $100 mln in Chrome River

Chrome River Technologies said Tuesday it raised $100 million from Great Hill Partners. Los Angeles-based Chrome River provides online expense reporting and automated voice processing software. Financial Technology Partners LP and FTP Securities LLC advised Chrome River.


Dun & Bradstreet acquires Credibility Corp from Great Hill

Great Hill Partners has sold Credibility Corp to Dun & Bradstreet for $320 million. The transaction also includes an additional $30 million providing that “certain performance milestones are met through 2018.” Credibility Corp, which was formed by Great Hill and Jeff Stibel in 2010, is a provider of credit and credibility management solutions. Also, as a result of the deal’s closing, Stibel has been appointed vice chairman of Dun & Bradstreet.


SheKnows acquires BlogHer to extend its reach to women online

New York-based SheKnows Media, a media company focused on women’s lifestyle, on Monday announced its acquisition of BlogHer Inc, a San Mateo, Calif.-based provider of an online network for women. SheKnows, which is a portfolio company of Great Hill Partners, said the companies will immediately combine, creating 75.3 million un-duplicated unique visitors per month. BlogHer had raised more than $15 million in funding from Venrock, Peacock Equity and NBC Universal. The acquisition price was undisclosed, although AdAge reported it to be between $30 million and $40 million.


Sage North America to buy VC-backed PayChoice

Sage North America has agreed to acquire PayChoice. No financial terms were disclosed. Raymond James served as financial advisor to PayChoice on the transaction while William Blair advised Sage. Based in Mt. Laurel, NJ, PayChoice is a provider of payroll solutions for small and medium-sized businesses. It is backed by Great Hill Partners, Baird Capital and North Hill Ventures.


Great Hill invests in Qualifacts

Boston-based private equity firm Great Hill Partners has acquired a majority stake in Qualifacts Systems. No financial terms were disclosed. Goodwin Procter advised Great Hill on the transaction while Raymond James Health Care Investment Banking Group and Baker Donelson P.C. advised Qualifacts. Headquartered in Nashville, Qualifacts is a provider of electronic health record and billing solutions for behavioral health and human services providers.

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PE-backed Veracity Payment Solutions buys Vanco

Veracity Payment Solutions, a portfolio company of Great Hill Partners, said Tuesday that it has acquired Vanco Services. No financial terms were disclosed. The company will be rebranded as Vanco Payment Solutions. Also, Veracity has named Kevin Lee to lead Vanco as CEO. Raymond James & Associates advised Vanco on the transaction. Based in Minnesota, Vanco is an electronic payment solutions provider.


Network Merchants secures growth equity from Great Hill Partners

Network Merchants, a provider of e-commerce payment gateways and value-added services, has appointed Roy Banks and Kyle Pexton as CEO and CFO and secured a growth equity investment from Great Hill Partners. The firm joins existing investors Bregal Sagemount and the NMI founders.


Great Hill Partners invests in bswift

Great Hill Partners has made a minority investment in bswift. Financial terms weren’t announced. Chicago-based bswift offers software and services that aim to streamline benefits, HR and payroll administration for employers and public and private exchanges nationwide. Great Hill’s investment came from its fourth investment fund that closed at $1.1 billion in 2009. Raymond James & Associates acted as financial advisor to bswift.

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